Zcash ZEC/USD is trading at 187. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Zcash. Expected to test the upper boundary of the Cloud of the indicator near the level of 188, from which it is expected to attempt a rebound and further fall below the level of 140. An additional signal in favor of reducing the cryptocurrency is the resistance level test.
Zcash forecast & analysis ZEC/USD on September 22, 2017
Earlier, a weak signal was received for buying of Zcash cryptocurrency due to the crossing of signal lines at level 174. Cancellation of the variant of falling of quotes Zcash will become a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above area 200, which will indicate a change of the bearish trend in favor of the bullish trend. To expect the acceleration of the drop in quotations ZEC/USD stands with the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 170.